Producer prices rose at their fastest clip in five months, tampering hopes that inflation will cool to the Fed's 2% target anytime soon.
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We're off Monday in observance of Presidents' Day in the U.S., so Update will be back in action Tuesday morning.
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
The year started with a slight deceleration in industrial production following a flat December.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
The program directly connects manufacturing customers with Verusen via the AWS Partner Network and Sales organizations.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
Though it repeated December’s monthly figure, the overall CPI topped economics’ expectations.
Watsco's 2023 follows two years of record-setting performances and faces softer comparative market conditions.
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
It further expands DXP’s offering and capabilities in the water and wastewater markets.
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
Company veteran Jean-Marie Maayoufi now leads sales efforts for WALTER's Allegro Industries brand.
The portable and power products maker has added Macromatic Industrial Controls (Waukesha, WI) and Primax Technologies (Point-Claire, Quebec).
A report from A3 shows that annual 2023 sales were near equal for automotive and non-automotive industries.
Sonia Timmons has been with Vallen since 2007, with the past 5 years as its VP of Financial Planning Analysis.
Full-year 2023 total sales were $4.73 billion, up 5.3% from 2022.
The manufacturers say the deal will create a scalable growth platform that expands Owens Corning’s addressable market to $27 billion.